WTI Crude (OIL) / US DollarMis à jour Crude Oil long term analysis
⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down.
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing, in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing, in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
Transaction en cours
Well done our important Support line my view WTI about 2025 to go higher than 70$ , 78$
so we can bullish at this time wait for geopolitices and increase demand etc, to help oil to go up.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.